Financial Industry's Need for Computer Technology in the Seventies.

by David Novick, Morlie Levin

Purchase Print Copy

 FormatList Price Price
Add to Cart Paperback4 pages $20.00 $16.00 20% Web Discount

A panel paper from the UCLA/Informatics Symposium, "Expanding Use of Computers in the 70s." The banking and securities industry will continue to expand rapidly, due not only to the larger number of customers but to the increased number of transactions per account and the larger number of services requiring more paperwork--the shift away from bond purchasing and toward consumer installment loans is an example. The accelerating growth in total transaction volume may make it necessary to reformulate the information process rather than merely automate existing methods. This system redesign will need careful planning and management lest it disrupt the functioning of the economy. It will require expertise going beyond technology and software design into areas of political and legal feasibility, human and organizational behavior, and both micro- and macroeconomics. 4 pp. (MW)

This report is part of the RAND Corporation Paper series. The paper was a product of the RAND Corporation from 1948 to 2003 that captured speeches, memorials, and derivative research, usually prepared on authors' own time and meant to be the scholarly or scientific contribution of individual authors to their professional fields. Papers were less formal than reports and did not require rigorous peer review.

Our mission to help improve policy and decisionmaking through research and analysis is enabled through our core values of quality and objectivity and our unwavering commitment to the highest level of integrity and ethical behavior. To help ensure our research and analysis are rigorous, objective, and nonpartisan, we subject our research publications to a robust and exacting quality-assurance process; avoid both the appearance and reality of financial and other conflicts of interest through staff training, project screening, and a policy of mandatory disclosure; and pursue transparency in our research engagements through our commitment to the open publication of our research findings and recommendations, disclosure of the source of funding of published research, and policies to ensure intellectual independence. For more information, visit www.rand.org/about/principles.

The RAND Corporation is a nonprofit institution that helps improve policy and decisionmaking through research and analysis. RAND's publications do not necessarily reflect the opinions of its research clients and sponsors.